Zip Code: 85233 (Gilbert, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily in the 85233 Zip Code (Gilbert, Arizona) in February 2026 was $1,898.089. The month over month percentage change (MoM) was -0.28%, and the year over year percentage change (YoY) was -0.23%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 85233 zip code (Gilbert, Arizona). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 85233 zip code (Gilbert, Arizona).

You can see similar information for other Arizona zip codes.

Note: Zillow Observed Rent Index (ZORI) is a smoothed measure of the typical observed market rate rent across a given region. ZORI is a repeat-rent index that is weighted to the rental housing stock to ensure representativeness across the entire market, not just homes currently listed for-rent.

Data Source: Zillow.
Zip Code: 85233 (Gilbert, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 85233 (Gilbert, Arizona) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1009.2915243229249 NaN NaN
Feb 2015 1012.6712267620223 0.34 NaN
Mar 2015 1020.0840271550461 0.73 NaN
Apr 2015 1021.5421746295277 0.14 NaN
May 2015 1042.812653237661 2.08 NaN
Jun 2015 1046.2996316401939 0.33 NaN
Jul 2015 1044.771206937774 -0.15 NaN
Aug 2015 1028.5367661738796 -1.55 NaN
Sep 2015 1033.020532849139 0.44 NaN
Oct 2015 1048.692293771982 1.52 NaN
Nov 2015 1064.8383342723635 1.54 NaN
Dec 2015 1069.8293069852286 0.47 NaN
Jan 2016 1066.0675761666187 -0.35 5.63
Feb 2016 1060.5464250039026 -0.52 4.73
Mar 2016 1056.207197995204 -0.41 3.54
Apr 2016 1062.3286762609819 0.58 3.99
May 2016 1063.593297776392 0.12 1.99
Jun 2016 1068.7181577169356 0.48 2.14
Jul 2016 1079.088609887088 0.97 3.29
Aug 2016 1088.5460305460222 0.88 5.83
Sep 2016 1096.2505559537665 0.71 6.12
Oct 2016 1093.2624834437763 -0.27 4.25
Nov 2016 1096.423044586459 0.29 2.97
Dec 2016 1101.258170710887 0.44 2.94
Jan 2017 1105.457955721608 0.38 3.70
Feb 2017 1114.3268074333655 0.80 5.07
Mar 2017 1115.9393292147424 0.14 5.66
Apr 2017 1118.5843713579418 0.24 5.30
May 2017 1115.6252314056408 -0.26 4.89
Jun 2017 1128.8183922025098 1.18 5.62
Jul 2017 1137.605393835252 0.78 5.42
Aug 2017 1145.9911673906734 0.74 5.28
Sep 2017 1142.52393470697 -0.30 4.22
Oct 2017 1134.489323875916 -0.70 3.77
Nov 2017 1136.7151312199173 0.20 3.68
Dec 2017 1144.0364390965856 0.64 3.88
Jan 2018 1162.9827260405712 1.66 5.20
Feb 2018 1174.381709366265 0.98 5.39
Mar 2018 1180.2075532313697 0.50 5.76
Apr 2018 1185.424120230175 0.44 5.98
May 2018 1191.023529016472 0.47 6.76
Jun 2018 1194.9311319901228 0.33 5.86
Jul 2018 1196.415428597538 0.12 5.17
Aug 2018 1206.2934126646487 0.83 5.26
Sep 2018 1222.437993677358 1.34 7.00
Oct 2018 1249.1709847321465 2.19 10.11
Nov 2018 1262.9002968277114 1.10 11.10
Dec 2018 1258.4288276976627 -0.35 10.00
Jan 2019 1248.9867950725488 -0.75 7.40
Feb 2019 1257.3677109179237 0.67 7.07
Mar 2019 1269.7448703619038 0.98 7.59
Apr 2019 1280.4209736196035 0.84 8.01
May 2019 1294.9869198016843 1.14 8.73
Jun 2019 1302.5796737679593 0.59 9.01
Jul 2019 1314.1292149499036 0.89 9.84
Aug 2019 1320.1263356410495 0.46 9.44
Sep 2019 1327.68299180913 0.57 8.61
Oct 2019 1331.7692620797793 0.31 6.61
Nov 2019 1340.3354358804904 0.64 6.13
Dec 2019 1361.3369762662296 1.57 8.18
Jan 2020 1381.3376695445338 1.47 10.60
Feb 2020 1390.799344372391 0.69 10.61
Mar 2020 1389.0394621759106 -0.13 9.40
Apr 2020 1392.7353507900605 0.27 8.77
May 2020 1393.8153563710684 0.08 7.63
Jun 2020 1380.8240545750778 -0.93 6.01
Jul 2020 1379.4350179453374 -0.10 4.97
Aug 2020 1409.5796057380496 2.19 6.78
Sep 2020 1444.9834004882357 2.51 8.84
Oct 2020 1468.985129625803 1.66 10.30
Nov 2020 1474.1321588981164 0.35 9.98
Dec 2020 1490.722675821712 1.13 9.50
Jan 2021 1514.4982279512415 1.60 9.64
Feb 2021 1538.8927367379574 1.61 10.65
Mar 2021 1545.6719594878361 0.44 11.28
Apr 2021 1563.2603504214585 1.14 12.24
May 2021 1591.7588989706996 1.82 14.20
Jun 2021 1666.5403385235256 4.70 20.69
Jul 2021 1721.6311198490148 3.31 24.81
Aug 2021 1747.7681340443396 1.52 23.99
Sep 2021 1760.3068572836328 0.72 21.82
Oct 2021 1781.2359512069677 1.19 21.26
Nov 2021 1821.553135093927 2.26 23.57
Dec 2021 1816.6775547184627 -0.27 21.87
Jan 2022 1827.5423962085727 0.60 20.67
Feb 2022 1833.5503222745235 0.33 19.15
Mar 2022 1871.964002039764 2.10 21.11
Apr 2022 1887.8120592498353 0.85 20.76
May 2022 1901.7033955694385 0.74 19.47
Jun 2022 1874.7981018195135 -1.41 12.50
Jul 2022 1866.0373860019163 -0.47 8.39
Aug 2022 1858.132661104582 -0.42 6.32
Sep 2022 1865.3958649588592 0.39 5.97
Oct 2022 1874.8489206052072 0.51 5.26
Nov 2022 1873.8918961408347 -0.05 2.87
Dec 2022 1899.1094183294445 1.35 4.54
Jan 2023 1900.0201912717414 0.05 3.97
Feb 2023 1904.5082899038446 0.24 3.87
Mar 2023 1885.0685246807143 -1.02 0.70
Apr 2023 1883.233929544609 -0.10 -0.24
May 2023 1881.7210309264833 -0.08 -1.05
Jun 2023 1882.251768798508 0.03 0.40
Jul 2023 1883.7412158249138 0.08 0.95
Aug 2023 1882.2560918888737 -0.08 1.30
Sep 2023 1878.5645524554236 -0.20 0.71
Oct 2023 1861.4773035958447 -0.91 -0.71
Nov 2023 1856.240336465558 -0.28 -0.94
Dec 2023 1862.3315410780378 0.33 -1.94
Jan 2024 1880.0337307727928 0.95 -1.05
Feb 2024 1886.0929711074434 0.32 -0.97
Mar 2024 1885.1232370366195 -0.05 0.00
Apr 2024 1896.97024750726 0.63 0.73
May 2024 1892.229861639501 -0.25 0.56
Jun 2024 1908.3823512661968 0.85 1.39
Jul 2024 1900.9213627932431 -0.39 0.91
Aug 2024 1913.1400383925572 0.64 1.64
Sep 2024 1900.951040417934 -0.64 1.19
Oct 2024 1901.5309380257886 0.03 2.15
Nov 2024 1905.318083328275 0.20 2.64
Dec 2024 1908.6198956167195 0.17 2.49
Jan 2025 1902.0183650694141 -0.35 1.17
Feb 2025 1902.4831784983394 0.02 0.87
Mar 2025 1909.695897524641 0.38 1.30
Apr 2025 1902.6717628803497 -0.37 0.30
May 2025 1907.5176899058993 0.26 0.81
Jun 2025 1901.3113164444803 -0.32 -0.37
Jul 2025 1909.0293374734242 0.41 0.43
Aug 2025 1903.5222734960016 -0.29 -0.50
Sep 2025 1914.0519280056694 0.55 0.69
Oct 2025 1920.0019893420204 0.31 0.97
Nov 2025 1918.7698027015647 -0.06 0.71
Dec 2025 1908.1938883207026 -0.55 -0.02
Jan 2026 1903.4635573876528 -0.25 0.08
Feb 2026 1898.0891812865495 -0.28 -0.23